Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated about 6 years ago on . Most recent reply

Buying property with a fire in its history
I'm looking into buying my first property, its a townhouse for 145,000. A bi-level two bedroom one bath. My inspection went well with minor things to watch for and repair. The attic was flagged because it was painted, and was described to have been because there was either a fire and mold damage.
Seller Disclosure revealed that there had been a fire from the fan in the bathroom that spread into the attic. I couldn't smell any smoke that lingered in the home and it looks to be repaired. No structural problems came back on the inspection report.
My questions are, should I be worried about this? Should this be a deal breaker? What things do I need to know about the fire to make a informed purchase of the property? For more informed decisions on the fire what kind of specialist should I hire?
I looking live in property and rent out one of the rooms.
Most Popular Reply

@Andrew Burtis
Thanks @Tyler Sawyer for tagging me
@Jeremy VanDelinder has it right.
If it was just a bathroom fan fire in the attic that wasn’t big then you shouldn’t have any problems especially if you can’t smell anything now. But you need to know for sure what the extent of the damage was. You can ask for the repair estimate from the insurance company and the contractor that did the job. That would give you a great idea of what the damage was. We seal the studs, joists and rafters on all of the fires we do with Killz primer, that’s standard not a coverup. Just like Jeremy said talk to the owner, if you are getting any pushback then there might be a problem that he is hiding.